Workers Compensation Insurance That Works as Hard as Your Team Does

When a workplace injury happens, your business should be ready — not scrambling. MJM Global structures workers compensation coverage built around your state requirements, your industry's risk profile, and the cost drivers that most brokers never explain.

What Workers Compensation Insurance Covers — and Why It Goes Beyond Medical Bills

Workers compensation insurance pays for medical treatment, rehabilitation costs, and a portion of lost wages when an employee is injured on the job. It also provides death benefits to the families of workers killed in a covered incident. Most business owners understand this much. What catches them off guard is the second layer: employers liability insurance.

 

Employers liability coverage — typically included within a workers comp policy — responds when an injured employee or their family brings a civil claim against the business outside of the standard workers comp system. These claims can arise from allegations that the employer's negligence contributed to the injury, and they can carry significant exposure if the business is unprotected. 

 

Workers comp requirements vary by state, and for businesses operating across multiple states, that complexity compounds quickly. We build coverage that accounts for each state of operation, so your team is covered wherever the work takes place.

Why Your Premium Keeps Climbing — and What Can Be Done About It

The experience modification factor, commonly called the "e-mod" or "mod rate," is one of the most misunderstood elements of workers comp pricing. It is a multiplier applied to your base premium based on your claims history relative to other businesses of similar size and industry. A mod above 1.0 means you are paying more than the baseline. A mod below 1.0 means your safety record is working in your favor.

 

Many business owners see their workers comp premium rise year after year without understanding why. The mod is frequently the reason. A single serious claim can push a mod significantly above 1.0 and keep it elevated for up to three years. MJM Global reviews your experience modification factor and claims history as part of the placement process, identifying what is driving your rate and where there may be room to bring it down over time.

 

Industries with elevated workers comp exposure — including manufacturing, restaurants, and auto body shops — face this challenge acutely. We work with businesses in these verticals regularly and understand the underwriting dynamics that apply to each.

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Coverages We Place Under Workers Compensation Programs
MJM Global places workers comp coverage for businesses across a wide range of industries and revenue sizes, from small operations with a handful of employees to mid-market companies with complex multi-state payrolls. We work with top-rated carriers and have access to specialty markets for industries that standard markets approach with caution.

Frequently Asked Questions About Workers Compensation Insurance

  • Is workers compensation insurance required by law?

    In most states, yes — any business with employees is required to carry workers compensation insurance, though the specific thresholds and exemptions vary by state. Some states exempt very small employers or certain classes of workers, while others require coverage from the first employee. MJM Global structures coverage based on your state or states of operation to ensure you meet the applicable requirements.

  • What is an experience modification factor and how does it affect my premium?

    The experience modification factor, or e-mod, is a multiplier applied to your workers comp base premium based on your actual claims history compared to businesses of similar size and industry. A mod above 1.0 increases your premium; a mod below 1.0 reduces it. MJM Global reviews your mod as part of the placement process and can help identify whether your current rate reflects an accurate picture of your claims experience.

  • What does a workers comp audit involve?

    At the end of each policy year, your insurer conducts a premium audit to compare actual payroll against the estimates provided at binding. If payroll was higher than estimated, you may owe additional premium. If it was lower, you may receive a return. MJM Global assists clients through the audit process — reviewing classifications, verifying documentation, and addressing discrepancies with the carrier when they arise.

  • What is employers liability insurance and is it different from workers comp?

    Workers compensation covers the statutory benefits your employees are entitled to after a workplace injury. Employers liability — typically Coverage B within the same policy — responds to civil claims brought against the business by an injured employee or their family outside of the workers comp system. Both coverages are important, and MJM Global structures them together to avoid gaps between the two.

  • How much does workers compensation insurance cost?

    Workers comp premiums are calculated based on payroll, employee job classifications, your state of operation, and your claims history as reflected in your experience modification factor. Industries with higher physical risk — such as construction, manufacturing, and food service — generally carry higher base rates. MJM Global reviews all of these factors to structure coverage at a competitive rate and identify opportunities to manage cost over time.